July 30, 2023

July 30: Prepare for Blackouts! Massive Heatwave, Another Bank Collapses, Cities Bankrupt Next? (Recap ep238)

15 minutes

In today’s recap, Marcello tells us to be prepared in case of possible blackouts due to the heat wave affecting the world and especially the eastern US states. Another bank has collapsed in Kansas, making it the 5th US Bank to fail this year.

Worldcoin, a digital ID project co-founded by ChatGPT founder Sam Altman, is set to launch its own crypto token.PJM Interconnection LLC has declared a level one emergency for the 13-state eastern US grid and called on all power plants to operate at full capacity Thursday during a heat wave.

South Africa beats climate goals as 10 hours per day of electricity blackouts and coal plant breakdowns slash emissions. This is apparently unintentional, but wildly successful way of meeting international climate targets by 2030.On Monday, orange juice futures rocketed to an all-time high due to global supply concerns among agricultural traders.

The citrus greening disease continues to affect Florida and is spreading in Brazil; both regions are top producers, and a potential production loss from these areas could significantly tighten global supplies.

The U.S. Federal Reserve Bank pushed interest rates to a 22-year high on Wednesday, with an additional 25 bps that’ll bring its key rate to +5.25% to +5.50%. It’s still not enough for the central bank to declare victory on historic inflation quite yet, but the Consumer Price Index (CPI) is now down to +3% from a high of over +9% seen last summer.

U.N. Secretary-General António Guterres said on Thursday that scientists believe the world is on track for July 2023 to be the world’s hottest month on record. The U.N. World Meteorological Organization (WMO) and the European Union’s Copernicus Climate Change Service also said in a joint statement it was extremely likely July 2023 will break the previous record set in July 2019 and will be at least +0.2C (+0.4F) warmer, the former hottest in the 174-year observational record, according to EU data.

U.S. poultry producers say they face prolonged economic pain from avian flu despite going months without infections in flocks, as China and some smaller importers fail to lift trade bans implemented during the nation’s worst ever outbreak of the virus. The lingering bans imposed last year to prevent the spread of the disease have constrained the $6 billion U.S. export market for poultry meat, as producers also wrestle with limited labor, lower chicken prices, and uncertain costs for feed.

Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export.

LeBron James’ 18-Year-Old Son Suffers a Heart Attack During practice, 18-year-old Linda Caicedo from the Colombia National Soccer Team collapsed on the field.

The post July 30: Prepare for Blackouts! Massive Heatwave, Another Bank Collapses, Cities Bankrupt Next? (Recap ep238) appeared first on Investing & Day Trading Education: Day Trading Academy.

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By Marcello Arrambide: Founder - Day Trading Academy Learn to Trade

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